Backed by good monsoon and advanced preparedness to reap the benefits of favourable conditions, India is likely to have an all-time record foodgrain production (271.98 million tonnes) in the 2016-17 crop year - a scenario which may not only benefit farmers but also help in further bringing down the price of pulses that was sky-rocketed due to two consecutive drought years.

Besides the production of pulses which may also make an all-time record, production of wheat, rice, coarse cereals and oilseeds too are heading to surpass their previous record.

The estimated figures, released by the agriculture ministry on Wednesday, show that the current year's production is significantly higher by 20.41 million tonnes (MT) than the last year's foodgrain production....................Read more

Source: The Times of India